Putnam Circle Condominium

Key facts from Putnam Circle Condominium's documents

Reflects the 2023 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

condominium ("creates a condominium")

Legal name

Putnam Circle Condominium

Developer / declarant

ALPHA CAPITAL, LLC

Governing law

Massachusetts General Laws Chapter 183A ("provisions of Massachusetts General Law)

Assessments & dues

Trustees assess common expenses; initial assessments upon conveyance of the first Unit (Section 14(b))

Collections & liens

Lien for common expenses subordinate to first mortgage; foreclosure of first mortgage may extinguish subordinate lien for assessments payable prior to sale; extinguished assessments may be reallocated as common expense (Section 17)

Reserves & fees

adequate reserve fund for maintenance, repair and replacement of those portions of common areas and facilities that must be replaced on a periodic basis (Section 15(d))

Use restrictions

for residential purposes (Section 11)

Voting & meetings

proportionate to undivided interest in the Common Elements (Section 14(c))

Extracted from the recorded governing documents and cited to them; may be incomplete and is not legal advice — verify against the official documents below.